The forecast for palm oil production in Ghana indicates a steady increase from 2024 to 2028, with values rising from 402.79 Thousand Metric Tons in 2024 to 464.82 Thousand Metric Tons by 2028. This showcases a positive growth trend. In 2023, the palm oil production stood at an actual value of 388 Thousand Metric Tons. Year-on-year variations from 2023 to 2024 show a growth of 3.8%, with subsequent increases approximately averaging around 4% annually up to 2028. The compound annual growth rate (CAGR) over this five-year period is approximately 3.7%, indicating a robust expansion in Ghana's palm oil production.
Future trends to watch for include potential impacts of climate change on agriculture, advancements in palm oil production technology, changes in government policies and incentives, and the dynamics of global demand and supply which could influence production output and capacity expansions in Ghana.
